Enterprise Car Sales Offers Private-Label Financing Option Through Chase

Unique Offering Provides Seamless Customer Experience -- From Vehicle Selection to On-the-Spot Financing

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Aug 25, 2015, 10:00 ET

ST. LOUIS, Aug. 25, 2015 /PRNewswire/ -- Enterprise Car Sales, a service of Enterprise Rent-A-Car and part of the world's largest car rental company, and Chase today announced a new multi-year, private-label agreement, which aims to provide car buyers a seamless customer experience – from the selection of their vehicle to the financing of their purchase.

Most recently, Enterprise Car Sales expanded by opening a second location in Minneapolis earlier this spring. https://www.enterpriseholdings.com/press-room/time-to-buy-a-car63-enterprise-car-sales-now-serves-minneapolis-south-metro-area.html

Under the agreement, Chase Auto Finance will be the private-label auto finance provider at more than 130 U.S.-based Enterprise Car Sales locations. Marketed and serviced under the name Enterprise Auto Finance, the unique offering will provide customers a financing experience that complements Enterprise's award-winning customer service. Enterprise Auto Finance will roll out later this year.

"Chase is pleased to provide Enterprise with a consistent source of funding and servicing as it continues to expand its car sales business," said Thasunda Duckett, Chief Executive Officer for Chase Auto Finance. "This is a great opportunity to deliver a world-class customer experience under the Enterprise Auto Finance brand."

Enterprise Car Sales customers already appreciate Enterprise's low-pressure car-buying experience, which includes haggle-free buying. From the first day Enterprise began selling used vehicles in St. Louis in 1962, customers have been assured that the listed price is the price they pay. That approach allows the Enterprise sales team to focus on the customer experience – and the exceptional service that is a hallmark of Enterprise.

"We are excited to join with Chase to offer a private-label financing option for our customers," said Mike Bystrom, Vice President of Enterprise Car Sales. "We've enjoyed a strong partnership with Chase for many years. Our companies share a deep commitment to exceeding customer expectations, giving back to our local communities, supporting military veterans and their families, and putting the customer first. Chase is a natural fit to provide financing to our customers through Enterprise Auto Finance."

Chase is the number one non-captive prime auto lender in the United States and has been providing auto financing for more than 60 years. As a full-service provider, Chase Auto Finance offers financing, leasing, dealer floorplan, commercial banking and treasury services. Chase has more than $60 billion in auto loans and leases for nearly 3 million customers in the U.S. and has relationships with more than 70 percent of all U.S. auto dealerships.

For more information about Chase Auto Finance, visit www.chase.com/auto-loans or www.chasedealer.com. For more information about Enterprise Car Sales, visit www.enterprisecarsales.com.

About Enterprise Car Sales
Enterprise Car Sales features more than 250 makes and models of certified high-quality, late-model used cars, trucks, vans and SUVs. Each vehicle passes a rigorous 109-point inspection conducted by an ASE-Certified technician, and comes with a seven-day/1,000-mile repurchase policy. A free CARFAX® Vehicle History Report™ also is available for all certified vehicles. Enterprise Holdings, headquartered in St. Louis, owns and operates Enterprise Car Sales and Enterprise Rent-A-Car through its regional subsidiaries – with more than 5,500 Enterprise rental offices located within 15 miles of 90 percent of the U.S. population. Enterprise Car Sales, which has sold more than one million used cars, has more than 130 U.S. locations. For more information about Enterprise Car Sales, visit www.enterprisecarsales.com.

About Chase
Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE: JPM), a leading global financial services firm with assets of $2.4 trillion and operations worldwide. Chase serves nearly half of America's households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: 5,500 branches, 18,000 ATMs, mobile, online and by phone. For more information, go to Chase.com.

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SOURCE Enterprise Car Sales